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Unit 4 Research
The Rail Industry Case Study
Evidence A: UK has the 'most expensive train fares in Europe
Evidence B: High Speed Rail
Evidence C: Public subsidy for rail users must end
Evidence D: EU Directives 91/440- Development of the Community's railways
Evidence E- Labour calls for review of trains contract awarded to Siemens
Evidence F- Campaign for better Transport warns Government over high speed rail
Evidence G- Passenger Kilometers traveled in Great Britain 1987 to 2009
Evidence H- Passenger journeys in Great Britain in 1985-86 to 2008-09
Evidence I- Commuters face overcrowding
Wednesday, 15 February 2012
Price Elasticity of Demand
Price Elasticity of Demand is a measurement of the responsiveness of quantity demanded to a change in price through how much the quantity will change.
Is measured by
% change in quantity demanded
% change in price
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